Funding round
Mapbox Series A
Mapbox, which works in location intelligence solutions in Washington, raised $10M in a Series A round announced on 16 Oct 2013, led by Foundry. 1 firm took part. It is Mapbox's first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Mapbox did not disclose a valuation in this round. It is Mapbox's first venture round on record, 3 years after it was founded in 2010. It is 2.0% of the $507M Mapbox has raised in the venture rounds on record. Mapbox raised again 20 months later: a Series B round of $53M in Jun 2015. Its next priced round, a Series D in Apr 2020, valued it at $1.20B.
Mapbox's funding rounds
Mapbox has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Foundry led the round.
Lead investor
- backs 85 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring.
- Hiring
Comparable rounds
How it compares
229 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $5.0M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Oct 2013 | $8.0M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 22 Oct 2013 | $5.2M | not disclosed | Partech and Elaia |
| Tech Companies | 10 Oct 2013 | $4.5M | not disclosed | Almaz Capital |
| Tech Companies | 2 Oct 2013 | $4.2M | not disclosed | Advantage Capital |
| Tech Companies | 4 Oct 2013 | $3.5M | not disclosed | not named |
| Databricks Tech Companies | 1 Sep 2013 | $14M | not disclosed | Andreessen Horowitz |
| Salsify Tech Companies | 12 Sep 2013 | $8.0M | not disclosed | not named |
| Tech Companies | 5 Nov 2013 | $6.0M | not disclosed | Second Avenue Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Mapbox raise in its Series A round?
Mapbox raised $10M in its Series A round, announced in Oct 2013.
Who led Mapbox's Series A round?
Foundry led it.
What was Mapbox's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
229 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $5.0M, and this round was 2.0 times the median.
Did Mapbox raise again after this round?
Yes: a Series B round in Jun 2015 of $53M.